The company reports that, “Gravity looks like being a powerful new force in the Indian marketplace and well beyond. It includes a range of fabric and styling innovations to boost Arvind branded favourites, such as Boomerang, Mutants, Azurite, Noe Cord and Fusion.”
According to the official, India allowed duty free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted.
The promoters of Mumbai-based Donear Group acquires OCM Woolen Mills as part of the strategy to consolidate their top position in Indian textiles industry. The acquisition of OCM will enable the Donear Group to expand its range of products to the Indian consumers for all weather conditions and for all occasions. OCM manufactures a premium range of high-quality all-wool and wool-blended worsted suiting fabrics
India’s Aditya Birla Group has announced launch of Birla Cellulose’s ‘Liva Crème’ brand, after making a remarkable attempt of transforming VSF into a high quality aspirational brand, popularly known as ‘Liva’ which had never been tried in the Indian textiles industry.
Technology Upgradation Fund Scheme (TUFS) which was introduced in 1999 to catalyze investments in all the sub sectors of textiles industry by way of interest reimbursement. The scheme mainly focuses on modernization of processing, spinning, and weaving, garmenting and technical textiles segments, where there is good scope for massive employment generation and value-addition.
The textile ministry is now mulling over a proposal to restructure the textile upgrade fund (TUF) for making it broad based to include many more areas and make better benefits under the new textile policy proposed.
Indian textiles and handicrafts sector performance at the global level is remarkably well, in terms of export revenue turnarounds it has managed to overtake both Germany and Italy, said Union Textiles Secretary Zohra Chatterjee at the Craft Heritage exhibition that was launched at the Central Cottage Industries Corporation of India on Tuesday. Mrs. Chatterjee said that India with 40 billion dollars in textile exports has moved to the second position from fourth, which is a matter of great pride for the country. Handicrafts, specially, have done exceedingly well.
